Summary

In August, the Japanese conglomerate said it would spend $1.4 billion to buy PCI Energy Solutions, whose platform manages about 60% of U.S. power generation. On Friday, Mitsubishi Electric reported a 20% year-over-year revenue increase in its utility-facing business segment as it prepares to launch an electrical components joint venture with fellow industrial firm ABB and acquire an energy management software provider to boost its exposure to North American wholesale power markets.

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